Delek US Holdings, Inc. (NYSE:DK) Given Consensus Recommendation of “Reduce” by Analysts

Delek US Holdings, Inc. (NYSE:DK) has earned an average recommendation of “Reduce” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $29.27.

Several research firms recently weighed in on DK. TheStreet downgraded Delek US from a “b” rating to a “c+” rating in a research report on Monday, August 7th. Mizuho upped their price objective on Delek US from $28.00 to $33.00 and gave the stock an “underperform” rating in a research note on Monday. Morgan Stanley dropped their price objective on Delek US from $27.00 to $25.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Raymond James upped their price objective on Delek US from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Finally, Bank of America upped their price objective on Delek US from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday.

Insider Activity

In related news, Director Laurie Z. Tolson sold 2,700 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $26.67, for a total value of $72,009.00. Following the completion of the transaction, the director now directly owns 12,340 shares of the company’s stock, valued at approximately $329,107.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

Several hedge funds and other institutional investors have recently modified their holdings of the company. BOKF NA bought a new position in Delek US during the second quarter valued at about $3,473,000. Nuveen Asset Management LLC raised its holdings in Delek US by 22.4% during the second quarter. Nuveen Asset Management LLC now owns 1,151,769 shares of the oil and gas company’s stock valued at $27,585,000 after buying an additional 210,980 shares in the last quarter. O Brien Greene & Co. Inc bought a new position in Delek US during the second quarter valued at about $958,000. Formidable Asset Management LLC bought a new position in Delek US during the second quarter valued at about $310,000. Finally, XTX Topco Ltd raised its holdings in Delek US by 18.2% during the second quarter. XTX Topco Ltd now owns 14,846 shares of the oil and gas company’s stock valued at $356,000 after buying an additional 2,285 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Trading Up 1.5 %

NYSE DK opened at $30.21 on Tuesday. Delek US has a fifty-two week low of $19.39 and a fifty-two week high of $35.45. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 1.10. The stock has a 50 day simple moving average of $27.00 and a two-hundred day simple moving average of $24.32. The stock has a market cap of $1.96 billion, a P/E ratio of -37.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

Delek US (NYSE:DK) last released its earnings results on Monday, August 7th. The oil and gas company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.26. Delek US had a positive return on equity of 19.37% and a negative net margin of 0.31%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the business posted $4.40 EPS. The firm’s revenue for the quarter was down 28.8% compared to the same quarter last year. On average, analysts forecast that Delek US will post 4.05 earnings per share for the current year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were paid a dividend of $0.235 per share. The ex-dividend date was Friday, August 11th. This represents a $0.94 annualized dividend and a yield of 3.11%. This is a boost from Delek US’s previous quarterly dividend of $0.23. Delek US’s dividend payout ratio is presently -116.05%.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.